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The Financial Express

Search results for: Bangladesh

Public investment returns belie expectations

Public investment returns belie expectations

FHM Humayan Kabir 2018-06-14 10:23:45

The government's growing public expenditure has failed to yield expected results due to unproductive spending, economists said Wednesday. In its national budget, the government has set a target to sp...

IPDC to introduce digital supply chain financing by end of the year

IPDC to introduce digital supply chain financing by end of the year

FE Report 2018-06-14 10:21:11

IPDC Finance Limited is in a process to introduce a digital supply chain financing titled ‘Orjon’ by end of the year using the blockchain technology for the first time in Bangladesh. It i...

Banks’ Apr excess liquidity rises 11pc for CRR cut

Banks’ Apr excess liquidity rises 11pc for CRR cut

Siddique Islam 2018-06-14 10:14:39

The overall excess liquidity with the banks increased by nearly 11 per cent or Tk 77.50 billion in this April, after the central bank slashed the cash reserve requirement (CRR), officials said. The e...

Actual inflow of concessional loans keeps sliding

Actual inflow of concessional loans keeps sliding

Jasim Uddin Haroon 2018-06-14 10:04:02

The inflow of concessional loans for financing the national budget has remained lower than the original targets over the years, according to budget documents. Such inadequate foreign funding for the...

United Power tops week’s turnover chart on DSE

United Power tops week’s turnover chart on DSE

FE Online Report 2018-06-13 19:45:24

United Power Generation & Distribution Company dominated the Dhaka Stock Exchange (DSE) turnover chart last week that ended on Tuesday. Analysts said United Power emerged as turnover leader amid...

Budget execution rate falling for 'lack of govt capacity'

Budget execution rate falling for 'lack of govt capacity'

FE Report 2018-06-13 11:01:54

The government should concentrate more on the implementation of the budget for the next fiscal year (FY) instead of just placing it in parliament. Economists made the remark at a post-budget press co...

Everything in taxation should go online: PwC

Everything in taxation should go online: PwC

FE Report 2018-06-13 10:44:45

The government needs to strengthen its online tax monitoring to help raise its capacity to meet the annual revenue collection target, opined the PricewaterhouseCoopers (PwC), an international professi...

SK Trims publishes IPO lottery results

SK Trims publishes IPO lottery results

FE Report 2018-06-13 10:44:08

SK Trims and Industries will allocate 30 million ordinary shares among the successful investors. The IPO lottery draw was held at the auditorium of Institute of Engineers, Bangladesh (IEB) in Dhaka...

BD’s performance in World Bank policy assessment ‘average’

BD’s performance in World Bank policy assessment ‘average’

Syful Islam 2018-06-13 10:01:26

Bangladesh performed 'average' in the World Bank's (WB's) country policy and institutional assessment (CPIA) in 2017, said a new report. The International Development Association (IDA), the bank's so...

Stocks tick higher ahead of Eid vacation

Stocks tick higher ahead of Eid vacation

FE Online Report 2018-06-12 15:18:32

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) ticked higher on Tuesday, the last trading session before Eid-ul-Fitr vacation, as investors took position on sector-wise stock...

SAML to bring new shariah fund

SAML to bring new shariah fund

FE Online Report 2018-06-12 12:58:33

Shanta Asset Management Limited (SAML) is in the process of adding a new Shariah fund named “Shanta Amanah Shariah Fund” to its existing portfolio. In this regard, a signing ceremony was...

IBFB for  independent body to monitor budget implementation

IBFB for independent body to monitor budget implementation

FE Online Desk 2018-06-12 12:31:11

  The International Business Forum of Bangladesh (IBFB) on Monday demanded the government allocate 55 per cent of the budget outlay to the development sector and the rest as the revenue expendit...

Bourses edge up with low turnover

Bourses edge up with low turnover

FE Online Report 2018-06-12 11:35:45

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Tuesday as some investors are showing their buying appetite on sectors-wise stocks. Following the...

SK Trims IPO lottery draw today

SK Trims IPO lottery draw today

FE Report 2018-06-12 10:54:02

The draw of SK Trims & Industries Limited IPO lottery will be held today (Tuesday) to allocate 30 million ordinary shares to the successful applicants. The draw will be held at the auditorium o...

BSEC approves Silva Pharma IPO

BSEC approves Silva Pharma IPO

FE Report 2018-06-12 10:50:34

The securities regulator has approved the IPO (initial public offering) proposal of Silva Pharmaceuticals Limited under the fixed price method. The approval came on Monday at a meeting held at the...

Imports up 15pc in ten months

Imports up 15pc in ten months

Siddique Islam 2018-06-12 10:15:30

Overall imports grew by over 15 per cent in the first 10 months of this fiscal year (FY), mainly due to higher import of food grains and fuel oils, officials said. The settlement of letters of credit...

Revenue receipts likely to rise 22-25pc in FY 18: NBR

Revenue receipts likely to rise 22-25pc in FY 18: NBR

FE Report 2018-06-12 10:05:42

The tax revenue collection may record 22 to 25 per cent growth in the outgoing fiscal year (FY), 2017-18, the National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan has said. The colle...

Pension payments to double next fiscal

Pension payments to double next fiscal

Jasim Uddin Haroon 2018-06-12 09:48:51

The country's pension payment is expected to double in the next fiscal year (FY), the latest budget documents show. The payout is estimated to be over Tk 260 billion, twice the size of the 2018 fisca...

Inadequate allocation for agriculture irks rights groups   

Inadequate allocation for agriculture irks rights groups  

FE Online Report   2018-06-11 21:14:15

Rights groups have expressed their disappointment over ‘inadequate’ allocation for the agricultural sector in the proposed budget for fiscal year 2018-19. They also urged the government...

Parliament passes supplementary budget

Parliament passes supplementary budget

-- 2018-06-11 16:36:26

The parliament has passed the supplementary budget of Tk 153.398 billion for the fiscal 2017-18 to meet the increased expenditures under different ministries and divisions. Finance Minister AMA Muhit...

Pre-Eid sale pressure erases early gains

Pre-Eid sale pressure erases early gains

FE Online Report 2018-06-11 14:46:12

Dhaka stocks ended almost flat on Monday, after two days of negative trading in the past two straight sessions on pre-Eid sale pressure. Market insiders said the market closed almost flat as pre-Eid...

Kay & Que plans to merge with Multisourcing

Kay & Que plans to merge with Multisourcing

FE Online Report 2018-06-11 12:18:32

The board of directors of Kay & Que Limited has adopted a draft scheme of amalgamation of Multisourcing Limited (Transferor Company) with Kay & Que (Transferee Company). The amalgamation is...

Stocks manage gains at opening

Stocks manage gains at opening

FE Online Report 2018-06-11 11:58:25

The prices of most of the shares on both bourses witnessed positive trend in early hour of trading Monday as some investors are showing their buying appetite on sectors-wise stocks. Following the p...

Amend budget to make it job-focused

Amend budget to make it job-focused

FE Report 2018-06-11 11:27:57

Speakers at a discussion on Sunday stressed the need for amending the proposed budget for the next fiscal year (FY) to make it employment-focused. They also emphasised the importance of turning the b...

Budget frustrates CSE as it loses sight of market

Budget frustrates CSE as it loses sight of market

FE Report 2018-06-11 10:53:32

The Chittagong Stock Exchange (CSE) on Sunday expressed frustration as the budget proposed for fiscal year 2018-19 did not focus on the country's capital market as per their expectations. It urged th...

BB allows FCBs to remit shares of head office expenses

BB allows FCBs to remit shares of head office expenses

FE Report 2018-06-11 10:26:31

Foreign commercial banks (FCBs) operating in Bangladesh are allowed to remit the shares of expenses at their head offices without the central bank's prior approval. "The FCBs will be able to remit su...

PM seeks partnership among G7, vulnerable countries on blue economy

PM seeks partnership among G7, vulnerable countries on blue economy

-- 2018-06-10 20:30:41

Prime Minister Sheikh Hasina Sunday sought partnership of G7 countries with vulnerable countries for sustainable management and protection of marine and coastal ecosystem. “Partnership between...

Stocks end lower after budget announcement

Stocks end lower after budget announcement

FE Online Report 2018-06-10 14:51:46

Stocks plummeted on Sunday, the first session after budget announcement, as investors reacted negatively to the proposed budget. Market insiders said investors were frustrated as there was no specifi...

BSRM to set up subsidiary co in Hong Kong

BSRM to set up subsidiary co in Hong Kong

FE Online Report 2018-06-10 13:13:44

Bangladesh Steel Re-Rolling Mills, a concern of Chittagong-based BSRM Group, has decided to set up a subsidiary company in Hong Kong. The name of the subsidiary company will be “BSRM (Hong Kong...

Stocks mostly lower on selling spree

Stocks mostly lower on selling spree

FE Online Report 2018-06-10 11:46:13

The prices of most of the shares on both bourses witnessed a negative trend in the early hour of trading Sunday as some investors continued their selling spree on sectors-wise stocks. Brokers said in...